Good time to buy MRF stock: Sudip Bandyopadhyay, Destimoney Securities

In a chat with ET Now, Sudip Bandyopadhyay, MD & CEO, Destimoney Securities Pvt. Ltd., gives his stock call


What is your top bet for near term?

We like MRF a lot. It is a very interesting company and is doing all the right things. Rubber prices globally have come down. MRF is exporting to 65 countries. They have in-house R&D so hyave no currency going out of India. We think that the stock can reach a price of around Rs 16,000 in about a year’s time so it is a good time to buy into MRF.